# In the matter of Automotive Coaches and Components Ltd. MA-905-2019 in IBA-660-2019

> NCLT judgment dated 2019-08-30. Citation: TCN-2019-NCLT-01674. The case involves an application (MA/905/2019) filed by the Corporate Debtor in the context of…

- **Court:** NCLT
- **Order date:** 30 Aug 2019
- **Citation:** TCN-2019-NCLT-01674
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/automotive-coaches-and-components-ltd-ma-905-2019-in-iba-660-2019-b42d9297

## Summary

### Background

The case involves an application (MA/905/2019) filed by the Corporate Debtor in the context of insolvency proceedings (IBA/660/2019) initiated by a Nationalised Bank under the Insolvency and Bankruptcy Code (IBC). The Corporate Debtor sought a mediator based on the Companies (Mediation & Conciliation) Rules, 2016.

## Facts

A Nationalised Bank initiated insolvency proceedings (IBA/660/2019) against a Corporate Debtor. The Corporate Debtor then filed an application (MA/905/2019) seeking a mediator, citing the Companies (Mediation & Conciliation) Rules, 2016. The court questioned the applicability of these rules to IBC proceedings. The applicant's counsel failed to provide any justification or legal basis under the IBC for applying the Companies (Mediation & Conciliation) Rules, 2016. The application was subsequently dismissed.

## Issues and analysis

### Issue 1: Whether the Companies (Mediation & Conciliation) Rules, 2016, are applicable to proceedings …

**Ratio:** The ratio is that the Companies (Mediation & Conciliation) Rules, 2016, are not

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**Reasoning:** The court reasoned that the applicant's counsel failed to demonstrate any provision

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**Interpretation:** The interpretation is that the IBC is a self-contained code, and unless it

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**Application:** In this specific case, because the Corporate Debtor sought mediation based on

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## Parties

- **Judges:** B.S.V. Prakash…; SHRI.S.VIJAYARAGHA…
- **Respondents:** AUTOMOTIVE…; Bank of Maharashtr…

## Timeline

- **2019-08-30 — Hearing…**: National Company Law Tribunal, Chennai…
- **2019-01-01 — Companies (Mediation &…**: Companies (Mediation &…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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